Tech Roundup: Latin American funds raised USD 2.1 billion for startups in 2023

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Welcome to our Tech Roundup, where we bring you the biggest stories in technology and innovation in Brazil and Latin America. This week: Investors’ caution to startups is not due to a lack of money.

More demanding than ever, LatAm funds have their pockets full

The Association for Private Capital Investment in Latin America (LAVCA) has just released its 2024 Trends in Tech report. While confirming that 2023 was the third-best year for the ecosystem, the data also shows that the region’s largest funds have their pockets full of new resources.

State of play. Amid a global funding winter, managers secured USD 2.1 billion in fresh capital for Latin American startups — the third-largest volume of venture capital available, behind only the previous two record years.

Why it matters. If, in 2021, much of the funding surge in Latin America was led by global, U.S.-based investors such as SoftBank, Tiger Global, and Valor Capital Group, the ecosystem is now back in the hands of its regional managers.

More than half of the resources raised last year are in the pockets of established regional players (those with more than four funds).
Kaszek, one of the first...

Fabiane Ziolla Menezes

Former editor-in-chief of LABS (Latin America Business Stories), Fabiane has more than 15 years of experience reporting on business, finance, innovation, and cities in Brazil. The latter recently took her back to the classroom and made her a Master in Urban Management from PUCPR. At TBR, she keeps an eye on economic policy, game-changing businesses, and people driving innovation in Latin America.